Price activity in the FTSE 100 market seems to be making an effort to continue retracing higher price levels. At the same time, Indicators keep showing signs which align with the prediction that prices may keep moving higher. Major Price Levels: Top Levels: $7,499, $7,550, $7,600 Floor Levels: $7,450, $7,400, $7,350 FTSE 100 May Extend […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishThe FTSE 100 (UKX) is trading between the moving average lines as it approaches the 7500 level. It is also trading below the resistance at level 7500. The index will probably return to the overhead resistance at level 7600 as it […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishThe FTSE 100 (UKX) is falling, but it is stuck between two moving average lines as it targets level 7500. The current selling pressure has subsided as the price has remained above the 50-day simple moving average (SMA). FTSE 100 will […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishThe FTSE 100 (UKX) is falling as it holds above level 7332. The index has dropped below the moving average lines as a result of the most recent downturn. If the 50-day line SMA support holds, UKX will be forced into […]
For about eight consecutive trading sessions, selling has been the market’s most dominant activity. However, now it appears buyers had regrouped near the £7,450 price level, and this has resulted in a moderate recovery in the meantime. Important price Levels: Top Levels: £7,508, £7,558, £7,600 Bottom Levels: £7,488, £7,450, £7,420 FTSE 100 Price Arrives Above […]
Hong Kong Stock Exchange sets to list CSOP Asset Management’s Ethereum ETF Following the Hong Kong Security and Futures Commission (SFC) establishing an application opportunity for willing Exchange Traded Funds (ETFs) providers, CSOP expressed its keen interest in providing Ethereum ETFs for traders. The SFC recently granted the CSOP’s application final approval. On December 16, […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishThe FTSE 100 (UKX) price had been rising since October 12 as it declines to level 7461. The index surged to a high of 7600 on November 30. UKX is currently declining after hitting resistance in the overbought area. The moving […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishThe FTSE 100 (UKX) price is rising as it targets level 7578 high. The overbought region has been reached by the current rise. Although the index is climbing, bullish exhaustion may occur at level 7578. A retraced candle body tested the […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 (UKX) price is in an uptrend as it approaches level 7578. As it climbs to the prior highs, the index price breaks above the moving average lines. UKX has been trading between the moving average lines since October 21. […]
